Texas economy

The Texas economy has set the standard for economic growth, leading the country in major new business locations for the past 10 consecutive years. The population is also diverse and growing, which is not the case in many parts of the country. We are also witnessing the continued emergence of industries in the state as […]

The latest snapshot of the Texas economy shows a mixed bag in July: manufacturing and services saw modest growth, while the retail sector saw steep declines. That’s the result of new surveys from the Federal Reserve Bank of Dallas that point to ongoing supply chain issues, rising prices and hiring challenges across the board. For […]

AUSTIN — Texas has recovered so fully from the economic crisis caused by COVID-19 that state tax revenues have set records, adding $14 billion to an already bloated surplus, Comptroller Glenn Hegar said Thursday. . Inflation is a factor, but so is rapid population growth and a thriving energy sector, Hegar said. “I’m rounding it […]

If Texas is a test of how socially conservative American states will fare economically in the post-Roe world, then they will hold up very well. More than a year after passing the nation’s most restrictive abortion law, Texas has the most Fortune 500 corporate headquarters of any state. In the latest sign of the Lone […]

May was another strong month for the Texas labor market, with the state posting by far the strongest job increase across the country (+74,200), well above California (+42,900) and New York (+26,800). Texas was also near the top in percentage increase, an unusual feat for such a large state. Over the past year, Texas has […]

Sheppard Air Force Base contributed $3.7 billion to the Texas economy in 2021, according to a new biennial report from the Texas Comptroller’s Office. The base was also responsible for 19,928 direct and indirect jobs. This number includes jobs at the base and jobs that serve the base. Sheppard’s contribution is part of a military […]

Texas’ economy, which has grown at a solid pace in recent months, is expected to slow in the second half of the year amid a weakening economic outlook for the country. New analysis from the Federal Reserve Bank of Dallas paints the picture: the country’s economic recovery from the COVID-19 pandemic is continuing, and Texas […]

Texas’ economy, which has grown at a strong pace in recent months, is expected to slow in the second half of the year amid a weakening economic outlook for the country. New analysis from the Federal Reserve Bank of Dallas paints the picture: The country’s economic recovery from the COVID-19 pandemic is continuing, and Texas […]

AUSTIN — The Texas economy is so hot that the state comptroller will soon raise its revenue forecast for the current cycle by a “significant” amount. Already, Republican politicians are talking about more property tax cuts, though paying for them in the long run is always tricky. On Friday, Comptroller Glenn Hegar said Texans are […]

AUSTIN — The Texas economy is so hot that the state comptroller will soon raise its revenue forecast for the current cycle by a “significant” amount. Already, Republican politicians are talking about more property tax cuts, though paying for them in the long run is always tricky. On Friday, Comptroller Glenn Hegar said Texans are […]

WACO, Texas — New data from the National Park Service shows its parks contributed more than half a billion dollars to the Texas economy in 2021. According to NPS, Texas national parks contributed approximately $578 million to the state’s economy and created more than 5,400 jobs, two new state records. One of Texas’ 16 national […]

A few years ago I was asked to name the major events that shaped the Texas we know today. Topping the list was the development of Allen’s Landing and the Port of Houston in the early Republic and subsequent efforts at the dawn of the 20th century to develop a deep-water canal in the area […]

Regional Laila Assanie and Keighton Hines June 23, 2022 Texas’ economic expansion remained solid in May, although the pace of growth slowed. Employment gains remained robust. Growth in manufacturing output picked up, but revenue growth in services slowed. Ongoing supply chain disruptions and labor shortages continue to drive up input costs. Businesses, particularly in the […]

Everyone across Texas is feeling the punch of record inflation and sky-high energy prices, and there’s no end in sight. While pandemic disruptions have played a role, actions taken in Washington since the start of 2021 have helped escalate the problem. And their restless remedies do next to nothing to ease our pain. What we […]

“It’s clear that the Lone Star State is the best state for business, and by working together, we’ll continue to make Texas the best state in which to live, work and raise a family.” – Governor Greg Abbott Texas Insider Report: AUSTIN, Texas – Governor Greg Abbott today recognized the critical role that local, regional […]

Thomas Baird, a director of CentraLand Title Co., had the novel “A Tale of Two Cities” in mind Friday afternoon as he described the current economy. “‘It was the best of times, it was the worst of times,’” Baird said. “I look back over the last few years (with COVID-19) and I can’t think of […]

Thomas Baird, a director of CentraLand Title Co., had the novel “A Tale of Two Cities” in mind Friday afternoon as he described the current economy. “‘It was the best of times, it was the worst of times,’” Baird said. “I look back over the last few years (with COVID-19) and I can’t think of […]

Governor Greg Abbott’s state inspections of commercial vehicles entering Mexico last week had a negative ripple effect on local commerce and the Texas economy, not even hurting the prevention of illegal immigration – what it was originally intended for. Last week, the governor of the state led troopers to inspect trucks crossing largest ports of […]

AUSTIN, Texas (Nexstar)—At the State Capitol on Wednesday, the House Committee on International Relations and Economic Development was briefed on how ending trade with Russia would affect Texans. This would be done in solidarity with Ukraine as it endures an unprovoked war with Russia. Dr. Ray Perryman, economist, chairman and CEO of the Perryman Group […]

AUSTIN – The growing series of sanctions imposed by the United States on Russia for its invasion of Ukraine could have a net positive effect on the economy of Texas due to the increase in the price of oil and stimulate the production of state energy. That’s the word of three economics experts who testified […]

Governor Greg Abbott’s state inspections of commercial vehicles entering Mexico last week had a negative ripple effect on local commerce and the Texas economy, not even hurting the prevention of illegal immigration – what it was originally intended for. Last week, the governor ordered state troopers to inspect trucks passing through major Texas ports of […]

The economic fallout deepened on Thursday even as Texas Governor Greg Abbott, R, phased out new inspection rules for commercial trucks entering from Mexico, with some businesses saying they are unable to honor the orders because the trucks are blocked in backups of several kilometers. at several entry points. Little Bear Produce is a Texas-based […]

Good news, Texas: Reducing greenhouse gas emissions can help the state’s economy meet our needs and the wants of our investors and customers. Our research shows that decarbonization is good for business and the environment. Over the past two and a half years, we’ve conducted an in-depth analysis that has looked at different pathways to […]

John C. Moritz Democrat Beto O’Rourke jumped on reports that Gov. Greg Abbott’s inspection policy for all commercial trucks entering Texas from Mexico is causing huge commercial backlogs and said Tuesday the two-term Republican “killing Texas businesses and economy”. “It’s going to be very bad for the Texas economy. It’s going to be very bad […]

We hire. Job offer, apply inside. No experience required. Join our team. Looking for a rewarding career? These words are seen everywhere in today’s business environment. Businesses need employees to succeed and keep their doors open. The economic conditions of the past two years as our community battled the coronavirus have only amplified the hiring […]

Governor Greg Abbott today met with port sector leaders, staff and stakeholders from the Port of Brownsville for a roundtable discussion on the Texas economy, supply chain issues and the port industry. (PHOTO: Governor’s Office) – Advertisement – Texas Border Affairs AUSTIN, Texas – Governor Greg Abbott today met with port sector leaders, staff and […]

BROWNSVILLE, Texas (ValleyCentral) – Governor Greg Abbott is visiting the Valley today to discuss the state’s economy and supply chain issues affecting Texas. “These ports, they create thousands of well-paying jobs, they’re critical to the supply chain issues we face today,” Abbott said. LOCAL NEWS: ‘It must have been someone she knew’ Harlingen woman found […]

Regional Jesus Canas and James Lee March 24, 2022 Texas’ economy, paced by service-sector expansion, grew strongly in February as the impact of the omicron variant of COVID-19 faded, according to data from the Business Outlook Surveys. Texas (TBOS). Wage and price pressures have continued and, together with recent geopolitical events, are challenging the outlook […]

“IED is a critical part of UTSA’s knowledge business and its $3 billion economic impact for the State of Texas is staggering,” said Bernard Arulanandam, UTSA Vice President for Research, Economic Development and Knowledge Enterprise. “Combining this milestone with the broader and ever-evolving UTSA innovation ecosystem and focus on technology disclosures, patents and proofs of […]

TYLER, Texas (KLTV) — From groceries to the gas station, and just about everything in between, Americans are feeling the pinch of inflation. Earlier this month, the Labor Department said consumer prices jumped 7.5% last month from a year earlier, the biggest year-over-year increase since February 1982. Measured from December to January, inflation was 0.6%, […]

State senator calls for probe into Texas investments in Russian Federation as state braces for windfall oil and gas revenue DALLAS — If the State of Texas has invested money in the Russian Federation, Texas State Senator Paul Bettencourt wants it all. Yesterday. “We need to investigate because, quite frankly, any money in the Russian […]

Regional Jesus Cañas, Pia Orrenius and Juliette Coia March 01, 2022 Communities along the Texas-US border suffered a series of economic blows beginning with the arrival of COVID-19 in March 2020. Challenges included high infection and death rates, a closure of ports of entry and a collapse in trade. However, subsequent U.S. pandemic relief policies […]

The last two years have been difficult, but the road ahead is encouraging! Texas’ economy was in the midst of a historic expansion at the start of 2020 when the COVID-19 pandemic hit. In just two months, almost 1.5 million jobs have been lost. Since then, a recovery has ensued and many parts of the […]

Lieutenant Governor Dan Patrick takes me back to my golden days of fighting bigotry and promoting economic growth at the University of Texas at Austin. Patrick’s rant against ‘critical race theory’, the ‘woke left’ and ‘Marxist professors’ reminds me of my college days, when conservatives railed against multiculturalism, political correctness and, you know. guessed it, […]

TYLER, Texas (KETK) — Governor Greg Abbott visited Tyler on Tuesday night and spoke about the Texas economy, the border, and the state’s fentanyl crisis. Abbott delivered a keynote address after 7 p.m. at the Smith County Republican Party’s Lincoln Reagan Dinner. The event was part of the Keep East Texas Red fundraiser which benefits […]

As Texas’ economy continues to recover amid the grueling coronavirus pandemic, there are signs that the state’s service sector still faces challenges. This is the result of a new survey from the Federal Reserve Bank of Dallas indicating that the performance of the services sector fell considerably in January. However, manufacturing activity in the state […]

Texas Labor Commissioner Bryan Daniel gave an insightful presentation detailing the current state of the Texas workforce, how TWC responded at the height of the pandemic, and outlined the state’s economy as “on fire” during the “Quarter 1 Industry Inclusion Luncheon” hosted by the Kerr Economic Development Corporation last week at Schreiner University. Daniel dissected […]

Year 3: COVID and the economy Are you having trouble viewing? Watch this video on texastribune.org. Although Texas’ economy has largely recovered from the COVID-19 pandemic, the state is still experiencing a child care staffing crisis, forcing working parents to continue to stay home with their children. children, said Alfreda Norman, senior vice president of […]

Find out what clicks on FoxBusiness.com. Texas’ the economy is “booming” with no signs of slowing as businesses in other states like California voluntarily close during the surge in cases. “With Christmas shopping boosted by the early start of the holiday promotional pricing weeks ahead of Black Friday, and despite supply chain lockdowns and household […]

AUSTIN (Reuters) – Texas imposed more sales taxes than ever before in December, setting a new monthly record for the third month in a row as businesses and consumers sent in “rising” receipts from all major sectors of the state’s economy, Comptroller Glenn Hegar said Monday. Retail spending grew most strongly in electronics, appliance and […]

Amid coronavirus variants and supply chain issues, Texas’ economy continues to rebound, though the recovery is mixed. The state’s manufacturing sector saw growth in December, while several sectors in the service sector showed a slower pace of acceleration this month, according to new surveys from the Federal Reserve Bank of Dallas. The Dallas Fed surveys […]

A month ago, Corpus Christi Port Authority Commission Chairman Charlie Zahn Jr. said that by the end of the year, the port will surpass its 2020 record of $630 million. barrels. He went on to say that the Port of Corpus Christi is the largest port in the United States by total revenue tonnage and […]

The COVID-19 pandemic has caused significant economic disruption, but the Texas economy continues to recover. Recently released October data indicates that Texas’ seasonally adjusted unemployment rate continues to decline and now stands at 5.4%. Texas added 56,600 jobs for the month and is nearly back to pre-pandemic levels. While issues such as supply chain challenges […]

TYLER, Texas (KETK) – As the country recovers from the cost of the pandemic, our state’s economy is booming. Texas has won the title of “Best State for Business” for the 17th consecutive year. This means businesses here on the Loop and throughout East Texas are seeing an increase in investment that will strengthen our […]

The COVID-19 pandemic has caused significant economic disruption, but the Texas economy continues to recover. Recently released October data indicates that Texas’ seasonally adjusted unemployment rate continues to decline and now stands at 5.4%. Texas added 56,600 jobs for the month and is nearly back to pre-pandemic levels. While issues such as supply chain challenges […]

My dear friend, Pike Powers IV, recently succumbed to Parkinson’s disease after a courageous struggle. Beyond the Austin area you may not recognize his name, but he changed your life. He was the most powerful force in making Texas an international technological powerhouse. Its impact is unprecedented and we are all beneficiaries. In the early […]

“Lost”‘s Maggie Grace stars in season 4 of “Fear the Walking Dead” as new character Althea, who makes a hell of an entrance in a vehicle with a connection to San Antonio – a Bexar Country SWAT truck with plenty of power of fire.Richard Foreman Jr./AMC One of Central Texas’ biggest television productions is DOA. […]

Freshman construction giant Marek Brothers sponsored an internship with high school students in Texas, 18 of the 25 participating students graduated and had $35,000-a-year jobs awaiting them. They went to their high school classes until noon, then were bussed to a Marek-funded construction lab at a community college. But it wasn’t until the end of […]

In a study conducted by 2021-2022 Presidential Fellow William T. Chittenden, Texas State University had an economic impact that resulted in more than $2 billion in total economic activity for the State of Texas and the creation of nearly 16,000 jobs. Chittenden, who is also associate dean for graduate programs and associate professor of finance […]

Texas has slowly moved away from oil and gas, but its economy continues to outperform. The Dallas Fed has said that in the long term, renewable energy will not dampen economic growth. Texas could be a model for what the entire US economy might look like as it transitions to green energy. Loading Something is […]

October 12, 2021 | Austin, TX | Press release Governor Greg Abbott spoke today at the annual meeting of the Greater Beaumont Chamber of Commerce. During his remarks, Governor Abbott extolled the strength of the economy and the business climate in Texas and thanked the Greater Beaumont Chamber of Commerce for its tremendous work in […]

A punitive national energy tax is included in the mammoth $3.5 trillion reconciliation package now before Congress. Under the guise of reducing emissions, the tax targets oil and natural gas production and could cripple small Texas operators and all consumers. As written now, the tax would levy an annual fee of $1,500 from energy producers […]

TEXAS — The recent surge in COVID-19 cases is not only hitting the state in terms of lives lost, but it’s impacting the Texas economy. That’s according to a new report from the Perryman Group, an economic research and analysis firm in Waco. What do you want to know Recent spike in COVID-19 cases is […]

HOUSTON, July 29, 2021 /PRNewswire/ — White Commercial Real Estate (WCRE) has highlighted its unique role in helping investors capitalize on the resurgence of Texas economy, recently featured in a glowing public review by Texas governor, Greg Abbott. Like the 9and largest economy in the world by GDP, Texas remains positioned for greater economic expansion […]

“Six of the ten fastest growing US counties are here in the Lone Star State. There’s no better time to buy property in Texas than right now…’ HOUSTON, July 29, 2021 /PRNewswire/ — White Commercial Real Estate (WCRE) has highlighted its unique role in helping investors capitalize on the resurgence of Texas economy, recently featured […]

Several economic indicators, including employment rates, indicate the state’s economy is starting to rebound from the pandemic, according to a report from the Texas Real Estate Center. Getty Images Texas’ economy initially suffered more economic losses from the COVID-19 pandemic than from any previous crisis, according to Luis B. Torres, research economist at Texas A&M’s […]

AUSTIN — Comptroller Glenn Hegar released a revised revenue estimate Wednesday that gives lawmakers at least $7 billion more for discretionary state spending either in the special session that begins Thursday or when they return for the regular session of 2023. To spend it in the special session, the Legislative Assembly would have to apply […]

The COVID-19 pandemic has sent economic shockwaves through the US economy, tripling monthly unemployment to nearly 15% and driving a more than 30% quarterly drop in GDP – by far the largest economic contraction in the world. history of the United States. No corner of the country has been spared the economic consequences of the […]

After a year of record job losses, the economies of Houston and Texas are rebounding as vaccinations increase, COVID-19 restrictions ease, and business and hiring activity rebounds. Texas employers added just under 100,000 jobs in March, the biggest wave of hiring since October, according to government statistics. In Greater Houston, employers added more than 26,000 […]

AUSTIN (KXAN) — An extended shutdown of the Colonial Pipeline — shut down after falling victim to a ransomware attack on Sunday — could have ripple effects on the Texas economy, energy experts say. Colonial Pipeline Stretching 5,500 miles from Texas to New Jersey, the Colonial Pipeline is the largest in the United States and […]

AUSTIN — Comptroller Glenn Hegar released a revised revenue estimate on Monday that gives lawmakers several billion more dollars to spend when closing the next state budget this month. Hegar cited the improving performance of the state’s economy as COVID-19 restrictions began to be lifted over the past two months and vaccinations boosted consumer confidence. […]

“Juan” was a bright young man who started working for my company as a packing logistics clerk right out of high school, earning money to support his family and pay for his education. He caught on quickly and quickly became one of the most effective members of my team. I called him to discuss a […]

There comes a time in each of our lives when we decide to actually read the bills we are obligated to pay at the end of each month. Whether it’s the house payment, the car loan, or even the internet bill, there’s almost always a little phrase in the fine print of legalese. No matter […]

‘Have milk?’ It’s a popular campaign slogan that families across the country and in Texas regularly ask for as the need for the drink increases. According to the Texas Association of Dairymen, 351 Texas Grade A Dairies, with about 586,395 cows, produced more than 14.8 billion pounds of milk, or more than 1.7 billion gallons, […]

AUSTIN, TX, March 24, 2021 /PRNewswire/ — The Texas Cultural Trust (TXCT), a nonprofit organization dedicated to maintaining and increasing support for a vibrant community Texas where the arts foster economic growth, creativity and excellence, today announced the results of a study by leading researchers. The 2021 State of the Arts Reportsupported by the Houston […]

COPPERAS COVE, TX – Got any milk? It’s a popular campaign slogan that families across the country and in Texas regularly ask for as the need grows. According to the Texas Association of Dairymen, 351 Texas Grade A Dairies with approximately 586,395 cows produced more than 14.8 billion pounds of milk, or more than 1.7 […]

Austin, TX, March 12, 2021 — The state’s unemployment rate held steady at the turn of the year while Texas added 32,600 private sector jobs. This is half of the gross jobs added in December 2020. Texas’ seasonally adjusted total unemployment for January 2021 is set at 958,746. Data from local unemployment statistics The unemployment […]

It was a tough year for the Texans. An unprecedented winter storm has left millions of people without power in freezing temperatures. The COVID-19 recession has caused demand for oil and gas to plummet, sending shockwaves through the energy sector. And the virus itself has claimed the lives of more than 43,000 Texans and destroyed […]

After decades of wrangling, Texas changed its laws to allow small brewers to sell beer directly to customers in 2013, punching a hole in a system that had granted exclusive distribution rights to wholesalers and retailers. Brewers could only serve beer in their drinking establishments until 2019, when another law expanded their right to sell […]

BROWNSVILLE, Texas — As the only commercial waterway on the U.S.-Mexico border, the Port of Brownsville will continue to play an important role in local, state and national economies, its manager said. Port boss Eduardo ‘Eddie’ Campirano said Texas ports lead the nation in shipping activity, handling about 25% of the nation’s cargo industry. He […]

Deb and Scott Dodson ran out of options last spring at their Waxahachie bowling alley, Hilltop Lanes, after being closed for more than two months as the COVID-19 crisis swelled in Texas and across the country. The banks did not lend. They told their 20 employees to collect unemployment checks until the bowlers could return. […]

AUSTIN (Nexstar) – As President-elect Joe Biden announces his economic team on Tuesday, Texas business leaders are discussing the impact of immigrants on our state’s economy. In Texas, immigrants make up about 20% of the total workforce, according to the American Immigration Council. That’s why leaders are discussing the importance of making these workers feel […]

This year has already presented a whirlwind of challenges as a result of COVID-19, including widespread shutdowns and travel restrictions that have resulted in a significant drop in demand for natural gas and petroleum products. With potential changes in national leadership on the horizon, the future of energy and environmental policy remains uncertain. Policy makers […]

SAN ANTONIO – Monthly sales tax revenue in Texas fell 13.6% in May compared to the same month last year and restaurant reservations made through an online reservation site fell 100% compared to to the previous year, as the coronavirus crisis closed dining rooms in March. The grim numbers, recently released in a report from […]

The extent of the impact of COVID-19 on local businesses and communities is still unknown. Although there is uncertainty, we know the business community will need to adapt and find creative solutions to stay agile in an ever-changing business environment. The manufacturing sector is no exception. The pandemic has forced manufacturing leaders to rethink the […]

As a boy, I rocked West Texas in a pickup truck with my favorite hoodlum, my Uncle Rex, a charismatic, sun-tanned storyteller who operated heavy equipment in the Permian oil patch. He was proud of his role in the growth of this state and he enjoyed telling colorful stories about the industry that brought so […]

Like many Texans, sometimes when he’s out, Jorge Chavez is just looking for a little Chick-fil-A. Finding him behind the wheel of a big truck is harder than you might think. “We can’t go through the drive-thru window,” Chavez said as he walked around the front of the Jetco delivery hub that is his small […]

The last two Texas jobs reports (May and June) were encouraging, reflecting that as businesses began to reopen, what was essentially a healthy economy before the pandemic reacted relatively quickly. However, even with those gains, Texas is still nearly 700,000 jobs below a year ago and about 900,000 below the level just before the outbreak […]

Texas women have come a long way, but they still lag behind men economically. Dena L. Jackson is the chief operating officer of the Texas Women’s Foundation, which released a report that examines the economic status of women in the Lone Star State. The experience of becoming a US citizen is not a quick and […]

The inevitable result of measures to “flatten the curve” and prevent a major spike in COVID-19 infections has been a significant shock to the economy. Many factors will determine the ultimate effects of the coronavirus on the economy, most of which are highly uncertain at this time. The results of the reopening of the economy […]